However, despite its growing popularity, it seems that the average people only understand the concept behind cryptocurrencies. When it comes to the application, many will clam up and look collectively confused. Understanding the concept of cryptocurrency is one thing, but knowing how to use it for daily use is an entirely different thing. To majority of people the concept cryptocurrency is not within their reach as they believe it is too complicated.

I believe it. I also agree that the 90% is about existing coins or tokens that will fail. But, many more new coins or tokens will rise and they will also fail at rates similar to ANY small business or inventions.

Every country has its own currency which is issued and protected by the government. Countries allow only a single currency to operate inside their borders. Governments provide assurance to the users of these currencies and also people put high faith on them. Till now, there are over 1500 cryptocurrencies available worldwide (while fiats are not over 180) which is making it difficult for people to choose and accept them as a medium of exchange due to uncertainty and lack of faith in them. Too many cryptos are making it tough for the users to select suitable cryptos to work with.

Its called Swing trading and it is beneficial if you have a fundamental understanding of technical analysis but it isnít essential. I would be very comfortable swing trading as long as you have been paying attention to the mood of the market and the previous days/weeks of that coin your trading. If you find a coin that you know is making DEV progress, making announcements and keeping the public engaged on twitter, etc, and you see the coin in the past few months has been in an upward trend but the past week or two its taken a dip. Sometimes dips can simply be big whales cashing out followed by subsequent FUD sellers due to the sudden price dip. If you can pick up on these then that is all you need in swing trades. You just have to DYOR to make sure the price isnít dipping for a reason. (Example: Bitconnect shutting down).

In the past few weeks, I have been discussing about ICOs with many friends who are currently offering ICOs and they are all sick and tired of the preventable scam issues. The general consensus is that there are too many idiots in the crypto world who are lurking around looking for quick bucks. We all generally feel that for the crypto world to mature, investors must also become smarter.

I can't say I completely disagree. I'm not a programmer or anything but I do know that being assessable to more developers is always a good thing. NEO has been gaining a lot of popularity these past few years.

I personally am convinced that Ripple will definitely stay within the TOP 3 and could as well eventually become the number 1 cryptocurrency overall as the company behind it is providing real solutions and value to the world through the power of cryptos.

Low and mid-sized investors do not read much about the project, they solely depend on the rating which is given by the experts and their review, in other way, and investors are lazy to research about the ICO. Nevertheless, due diligence is required before doing the investment, most of the rating sites do this work with the help of KYC and deep research in the ICO. However, still scam ICO and fraudulent rating systems appear to deceive the customers.

Hardware wallets is the best option . I had always thought they were silly toys. Boy was I wrong. They are the Holy Grail of Bitcoin storage and use.There are three main hardware wallets worth looking at: Trezor, Keepkey, and Ledger Nano S. They all do the same basic thing, but in different ways. They create the cryptographic private key on the device itself. This takes all the concern about hacking and trojans away.

It is a tough thing to figure out what to do a lot of times because is is almost impossible not to look at CoinMarketCap and see where stuff is at.

This depends on how much money you have to invest in this space and if it won't affect your life if you don't see any of this money for several years but if you look at it like this. Keep taking bits of money and putting it into these projects you believe in and when they shoot up then take some earnings and take a position in another project you believe in with those earnings but you always maintain a position in all these projects you believe in. That way if they really shoot up like crazy you will still have a hand in it.

If a person can do it it makes sense to always maintain some level of position in crypto because we don't know how high these runs are going to go.

What I'm trying to do is go balls deep on some investments that I believe the strongest in and then keep my toes in the water in several others that I think are solid projects as well.

But be ready for 90% of the stuff out there to basically be a scam and never come up with anything.

Don't follow my advice. I'm wreckless but I think we all know this tech is the future.

My thinking is that regardless of what the mainstream news media tells us, the truth is that the world economies are in tremendous debt to the banks and the economies are failing. In a bank crash, people will flee to precious metals as a safe haven, but it will be too late, because investors following this trouble, who are ahead of the curve, will have bought up all the available gold and silver bars and coins. What's left? Cryptocurrencies will look more appealing, even if a bit risky. What other options are there if we can't trust the banks.

Many so-called "altcoins" have attempted to improve on Bitcoin's technology, so that by itself doesn't make Ethereum stand out from the pack.

Let's trot out a second analogy. Imagine Bitcoin is a calculator. It's good at what it does, but that's it. You can't really extend it to new & interesting use cases. It will always be a calculator. Tried & true, through & through.

Ethereum, on the other hand, is an Excel spreadsheet with macros. You can use it as a simple calculator, but it's so much more. Budget planners, calendars, expense reports, shipping lists, project timelines... these are but a small sampling of what can be done with spreadsheets. Add in macros (bits of programming script that allow spreadsheet behavior to be customized to a large degree) and the sky's the limit.

Now when people first get into cryptocurrency they tend to buy and hold. But one thing they don't understand is buy and hold us great for long term profits but in the short term your earning nothing. By day trading or swing trading you can maximize your profits on down trends and uptrends. Although this may seem intimidating to many people who have never looked and a candlestick chart before it's not that complicated.Now this may seem obvious to Many but it's really not much more complicated than the the term "BUY LOW-SELL HIGH". If you look at a candle stick chart and you realize a downtrend in a certain period of time and you predict that it will go back up than BUY LOW. Keep watching it till it goes up and SELL HIGH. One thing to remember is sometimes you have to cut your loss so setting a stop loss can be a good tule to use.